Venezuela is preparing to tax what it calls "excessive" oil revenues in order to boost state revenues.
TNK-BP's under-fire boss resigns
BP's Russian joint venture, TNK-BP, confirms that its under-fire chief executive Robert Dudley has resigned with immediate effect.
Japan set to tackle lending costs
The Bank of Japan will hold an emergency meeting on Tuesday to tackle rising corporate borrowing costs amid Japan's deepening economic crisis.
Poland launches stimulus package
Poland's governments adopts a development plan worth 91.3 zlotys ($31.4bn; $20.6bn) to kick-start the economy amid the global slowdown.
China factory output down sharply
China's manufacturing output fell sharply in November, figures show, just the latest sign that the global economic slowdown is impacting on its economy.
Oil prices fall after Opec talks
Oil prices drop more than $1 after producers' group Opec declined to cut output at its weekend meeting.
Post new comment